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Here is the good news:"Sources tell Fox News the proposed budget predicts the national deficit will crest at a record-breaking $1.6 trillion in the current fiscal year, then start to recede in 2011 to $1.3 trillion, then to $700 billion in 2013."
Here is the bad news, by 2020--the deficit will be $1 trillion per year. But Obama has a plan to freeze the budget and save $10-15 billion per year--but only after he spends $150 billion on a job plan. That, after spending $700 billion on TARP and almost $800 billion on a "stimulus" plan--the plan that RAISED unemployment from 7to over 10%. Can we afford more stimulus plans?
Need to Know: In just two weeks the deficit rose by $200 billion--and we still have eight months in the Federal fiscal year!
Angry yet?
More...
Here is the bad news, by 2020--the deficit will be $1 trillion per year. But Obama has a plan to freeze the budget and save $10-15 billion per year--but only after he spends $150 billion on a job plan. That, after spending $700 billion on TARP and almost $800 billion on a "stimulus" plan--the plan that RAISED unemployment from 7to over 10%. Can we afford more stimulus plans?
Need to Know: In just two weeks the deficit rose by $200 billion--and we still have eight months in the Federal fiscal year!
Angry yet?
More...